OneDigital Investment Advisors LLC Takes Position in Consolidated Edison Inc $ED

OneDigital Investment Advisors LLC bought a new position in shares of Consolidated Edison Inc (NYSE:ED) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 15,961 shares of the utilities provider’s stock, valued at approximately $1,766,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. QRG Capital Management Inc. boosted its position in Consolidated Edison by 16.9% during the 1st quarter. QRG Capital Management Inc. now owns 204,989 shares of the utilities provider’s stock worth $23,201,000 after purchasing an additional 29,635 shares during the period. North Dakota State Investment Board acquired a new stake in Consolidated Edison in the 4th quarter valued at $1,228,000. Los Angeles Capital Management LLC raised its position in Consolidated Edison by 9.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 253,230 shares of the utilities provider’s stock valued at $24,865,000 after purchasing an additional 20,972 shares during the period. M3 Wealth Management LLC purchased a new position in Consolidated Edison in the fourth quarter valued at about $1,380,000. Finally, Arbejdsmarkedets Tillaegspension acquired a new position in shares of Consolidated Edison during the fourth quarter worth about $24,109,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

Shares of ED stock opened at $108.73 on Monday. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The firm has a market capitalization of $40.21 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.83 and a beta of 0.27. The company’s fifty day moving average price is $109.81 and its two-hundred day moving average price is $109.83.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same period in the prior year, the company posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be issued a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

Wall Street Analysts Forecast Growth

ED has been the subject of several analyst reports. Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a research report on Wednesday, July 22nd. Argus set a $112.00 target price on Consolidated Edison in a report on Tuesday, June 23rd. Barclays reduced their price target on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. The Goldman Sachs Group restated a “sell” rating and issued a $105.00 price target on shares of Consolidated Edison in a report on Thursday, May 14th. Finally, Mizuho set a $114.00 price objective on shares of Consolidated Edison in a research report on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $109.07.

Consolidated Edison Company Profile

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.